A statement from Manitowoc president and CEO Aaron Ravenscroft on August 11, 2020, printed in its entirety.
Dear valued customer:
Last night, Manitowoc filed our final comments in the Department of Commerce’s investigation of mobile crane imports. As I previously communicated, Manitowoc filed a petition to request that Commerce investigate the impact of mobile crane imports on the domestic crane industry to ensure we are able to compete on a level playing field. Driven by foreign exchange rates and other factors, the industry has seen a significant increase in imports over the last decade while our export of cranes from the U.S. has declined 80%. We do not believe that the U.S. trade situation is fair, and as a result our domestic workforce has been reduced over 40 percent.
Moreover, we believe the most effective remedy would be for the President to take concrete steps to stimulate demand, particularly for U.S.-produced mobile cranes by;
Manitowoc is not requesting tariffs as a remedy. In the current environment, we believe that tariffs would inhibit crane demand and further deteriorate already difficult market conditions.
Manitowoc is the only remaining 100%, American-owned crane company, and we have been close partners to the U.S. military since 1961. Cranes are essential to our country, and we are simply requesting that the government level the playing field in an industry where we believe that the trade policies favor foreign manufacturers – our request is simply a step to defend our local workforce and to ensure the long-term viability of our company.
If you have any questions or comments, please feel free to contact me at email@example.com.
President and CEO
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